Glossary of Terms: managing agent

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Table: Definition
Definition
  1. a person who, for compensation or in expectation of compensation, exercises control over the assets of a common interest development
  2. A "managing agent" does not include any of the following:
    1. A regulated financial institution operating within the normal course of its regulated businesspractice.
    2. An attorney at law acting within the scope of the attorney's license.

(Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)

CA Civ Code § 4158